Latest Logistics News
Understanding the FTC’s ban on noncompetes
Crowell & Moring law partner Stefan Meisner discussed the recent decision by the Federal Trade Commission to ban noncompete agreements.
UPS rolls out fuel surcharge increases
Earlier this week, Atlanta-based global freight transportation and logistics services provider UPS announced it is increasing fuel surcharges for various service offerings, including UPS Ground Domestic, UPS SurePost, and UPS Domestic Air
Baltimore suing ship that crashed into bridge, closing port, costing jobs
The city of Baltimore is suing the owners of the cargo ship that crashed into the Francis Scott Key Bridge, causing it to collapse and closing the Port of Baltimore for months.
Intermodal growth volume remains intact in March, reports IANA
Total March volume, at 1,464,782 units, increased 6.7% annually, below February’s 14.6% annual increase, while topping November, December, and January, which saw gains of 3.8%, 6.4%, and 5.5%, respectively.
Descartes announces acquisition of Dublin, Ireland-based Aerospace Software Developments
Earlier this week, Waterloo, Ontario-based Descartes, a provider of logistics based on-demand, software-as-a-service offerings, continued to flex its M&A muscle, acquiring Dublin, Ireland-based Aerospace Software Developments, a provider of customs and regulatory compliance service.
Shipment and expenditure decreases trend down, notes Cass Freight Index
March’s shipment reading, at 1.113, fell 3.6% annually, down from February’s 4.5% decrease and January’s 7.6% decline.
March trucking tonnage trends down, reports ATA
The ATA’s advanced Seasonally Adjusted (SA) For-Hire Truck Tonnage Index fell 2%, to 113.4 (2015=100), following a 4% February gain, to 115.7, and a 3.2% January decline.
FTR Shippers Conditions Index enters negative territory
For February, the most recent month for which data is available, the SCI reading came in at -1.4, below January’s 3.4, which was 3% below December’s 6.4 reading and also below November’s 6.3.
DAT March Truckload Volume Index sees modest March gains
From February to March, the the van TVI, at 260, was up 4%, with the refrigerated TVI, at 200, up 2.6%, and
the flatbed TVI, at 242, up 4.4%.
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Latest Transportation News
UPS rolls out fuel surcharge increases
Earlier this week, Atlanta-based global freight transportation and logistics services provider UPS announced it is increasing fuel surcharges for various service offerings, including UPS Ground Domestic, UPS SurePost, and UPS Domestic Air
Baltimore suing ship that crashed into bridge, closing port, costing jobs
The city of Baltimore is suing the owners of the cargo ship that crashed into the Francis Scott Key Bridge, causing it to collapse and closing the Port of Baltimore for months.
Intermodal growth volume remains intact in March, reports IANA
Total March volume, at 1,464,782 units, increased 6.7% annually, below February’s 14.6% annual increase, while topping November, December, and January, which saw gains of 3.8%, 6.4%, and 5.5%, respectively.
Shipment and expenditure decreases trend down, notes Cass Freight Index
March’s shipment reading, at 1.113, fell 3.6% annually, down from February’s 4.5% decrease and January’s 7.6% decline.
March trucking tonnage trends down, reports ATA
The ATA’s advanced Seasonally Adjusted (SA) For-Hire Truck Tonnage Index fell 2%, to 113.4 (2015=100), following a 4% February gain, to 115.7, and a 3.2% January decline.
FTR Shippers Conditions Index enters negative territory
For February, the most recent month for which data is available, the SCI reading came in at -1.4, below January’s 3.4, which was 3% below December’s 6.4 reading and also below November’s 6.3.
DAT March Truckload Volume Index sees modest March gains
From February to March, the the van TVI, at 260, was up 4%, with the refrigerated TVI, at 200, up 2.6%, and
the flatbed TVI, at 242, up 4.4%.
National diesel average, for week of April 22, is down for the second straight week
For the week of April 22, the national average fell 2.3 cents, to $3.922. This followed a 2.3-cent decrease, to $4.015 per gallon, for the week of April 15, which was preceded by a 6.5-cent increase, to $4.004, for the week of April 8.
UPS reports first quarter earnings decline
Quarterly consolidated revenue, at $21.7 billion, fell 5.3% annually, and adjusted earnings per share, at $1.43, saw a 35.0% annual decline. Consolidated quarterly operating profit came in at $1.6 billion, which was off 36.5% annually.
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Latest Technology News
Data Capture: Bar coding’s new companions
Bar coding remains the central technology for data capture, with new wearables and handheld form factors to boost productivity. But RFID momentum is building, and a range of real-time location technologies can complement handheld data collection.
Descartes announces acquisition of OCR Services Inc.
The acquisition train keeps rolling on for Waterloo, Ontario-based Descartes, a provider of logistics based on-demand, software-as-a-service offerings. The company recently announced it has acquired Rockville, Md.-based OCR Services Inc, a provider of global trade compliance solutions…
What generative AI means for supply chain work
The new technology will touch most aspects of the supply chain and make professionals more productive in their day-to-day work.
Blue Yonder announces an agreement to acquire One Network Enterprises for $839 million
Scottsdale, Ariz.-based Blue Yonder, a provider of AI-driven and end-to-end supply chain management services, announced it has acquired Dallas-based One Network Enterprises (One Network), a global provider of intelligent control towers and its Digital Supply Chain Network…
MHI Report notes investment increases as supply chains become more tech-forward and human-centric
A new report released this week at Modex by MHI and Deloitte finds that 55% of supply chain leaders are increasing their supply chain technology and innovation investments with 88% saying they are planning to spend over $1 million. Forty-two percent…
Uber Freight heralds strong growth in its European Managed Transportation business
The company said that this business unit now has more than $200 million euro ($218.2 million USD) in freight under management and is on track for $2 billion ($2.18 billion USD) by 2028.
Modex 2024 is officially open for business
Modex just keeps getting bigger and bigger every year, and 2024 is no exception.
BlueGrace Logistics heralds acquisition of Evos Smart Tools
Tampa, Fla.-based non-asset-based 3PL BlueGrace Logistics said this week it has acquired Evos Smart Tools, a Bend, Ore.-based a SaaS optimization platform services provider focused on helping shippers maximize resources and reduce costs through advanced supply…
Reverse logistics in need of some love
Whether manual, automated or somewhere in between, reverse logistics operations deliver maximum return only with an organized and efficient process. Don’t wait any longer to make your move.
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Latest Warehouse News
40th Annual Salary Survey: Salary and satisfaction up
Our latest Peerless Research Group (PRG) survey reveals current salary trends, career satisfaction rates, and shifting job priorities for individuals working in logistics and supply chain management. Here are all of the findings—and a few surprises.
Data Capture: Bar coding’s new companions
Bar coding remains the central technology for data capture, with new wearables and handheld form factors to boost productivity. But RFID momentum is building, and a range of real-time location technologies can complement handheld data collection.
Salary Survey: Pay, satisfaction, youth on the rise
As loyal readers of Logistics Management are well aware, we’re sticklers for tradition—especially for research and annual lists. This month marks the 40th year we’ve shared our Annual Salary Survey and the 20th year we�…
Examining the impact of the Taiwan earthquake on global supply chain operations
This earthquake is the latest in an ostensible series of events impacting the global supply chain, right on the heels last week’s tragic bridge collapse in Baltimore, which was preceded by the ongoing Red Sea and Panama…
Manufacturing sees growth in March, snaps 16-month stretch of contraction
The report’s benchmark metric, the PMI came in at 50.3 (a reading of 50 or higher indicates growth), topping the March PMI, of 47.8, and contracting after 16 months of declines. ISM added that the overall economy grew, at a faster…
Toyota Material Handling | Products: 48v/80v Lift Truck - Video
This video shows how Toyota's 48V/80V Electric Pneumatic Forklift (8FB/ 8FBH/ 8FBJ Models) combines power, durability, and ergonomics to deliver a reliable solution that is willing to work hard for you, day in and day out.
Toyota Material Handling Product Video: 3 Wheel Electric Forklift
This video shows the features of the Toyota 3-Wheel Electric Forklift, a multi-use forklift that leads the industry in run time, travel speeds, and lift/lowering speeds.
National Retail Federation 2024 retail sales forecast calls for growth
NRF is pegging 2024 retail sales to increase between 2.5%-to-3.5% to between $5.23 trillion and $5.28 trillion. Should this forecast come to fruition, NRF said that it would top 2023 retail sales, which rose 3.6% to $5.1 trillion.
February retail sales see gains, reports Commerce and NRF
Commerce reported that February retail sales, at $700.7 billion, rose 0.6% compared to January and were up 1.5% annually. NRF reported that February’s core retail sales, which it bases on Census data and excludes automobile dealers, gasoline stations, and restaurants,…
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Latest Blog Posts
Amid ongoing unexpected events, supply chains continue to readjust and adapt
Expecting the unexpected going back to the onset of the pandemic in March 2020 has really been a part of supply chain and logistics lexicon. As we know, there were many logistics and supply chain “lessons learned” coming out…
Examining the impact of the Taiwan earthquake on global supply chain operations
This earthquake is the latest in an ostensible series of events impacting the global supply chain, right on the heels last week’s tragic bridge collapse in Baltimore, which was preceded by the ongoing Red Sea and Panama…
Industry experts weigh in on Baltimore bridge collapse and subsequent supply chain implications
In commentary provided to Newsroom Notes, Kristian O’Meara, SVP Strategic Initiatives, for JAGGAER, a global procurement technology company, and Dean Alms, Chief Product Officer, for Aravo, a provider of third-party risk and resilience services, offered up their…
White House and DOT issue progress update on FLOW efforts
Two years after the White House and the U.S. Department of Transportation (DOT) formally announced the rollout of Freight Logistics Optimization Works (FLOW), which it describes as an information sharing initiative to pilot key freight information exchange…
Will recent talks between FedEx and Amazon lead to a reunion?
When Memphis-based global freight transportation and logistics services provider FedEx and global e-commerce giant Amazon ended their business relationship in 2019, one could have likely assumed, at the time, that the breakup was permanent.
Freight railroad safety is front and center in FRA data and AAR white paper
In freight railroad circles, the topic of safety is never far from top of mind. That was made clear on two fronts this week by the Association of American Railroads (AAR), in the form of railroad safety data…
STB Chairman Oberman takes activist investor Ancora to task for its attempt to take over Norfolk Southern
At this point, anyone who has seen Martin J. Oberman, Chairman of the Surface Transportation Board (STB), a Washington, D.C.-based independent adjudicatory and economic-regulatory agency charged by Congress with resolving railroad rate and service disputes and…
Ongoing Red Sea situation is expected to last at least into second half of 2024
The ongoing series of attacks on the Red Sea shipping lane by the Yemeni Houthi pirates in response to the ongoing Israel-Palestine conflict continues to resonate within the global supply chain and economy by extension, to be sure.…
UPS’s plan to seek ‘strategic alternatives’ for Coyote is the latest reminder of a challenging truckload brokerage market
While this week’s fourth quarter earnings call, for Atlanta-based global freight transportation and logistics services provider UPS, was replete with interesting information and data, including nearly 8% revenue decline and 12,000 layoffs, another interesting takeaway was related to its…
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